Union Government signs GEF Grant Agreement with World Bank
India signed a grant agreement worth USD 24.64 million with the World Bank for Ecosystem Service Improvement Project.
The Union Government on 16 August 2017 signed a Grant Agreement worth USD 24.64 million from the Global Environment Facility (GEF) of the World Bank for Ecosystem Service Improvement Project.
The agreement was signed by Sameer Kumar Khare, Joint Secretary (MI), Department of Economic Affairs (DEA), Ministry of Finance on behalf of the Indian government and Hisham Abdo Kahin, Acting Country Director for India on behalf of the World Bank.
The project would be entirely financed by the World Bank out of its GEF Trust Fund. The total duration of the project is five years.
The Ministry of Environment, Forest and Climate Change (MoEF&CC) would be implementing the project in the States of Chhattisgarh and Madhya Pradesh through Indian Council of Forestry Research & Education under the National Mission for Green India.
The project’s main objective is to strengthen the institutional capacity of the Departments of Forestry and Community Organisations and to enhance forest ecosystem services and improve the livelihoods of forest dependent communities in Central Indian Highlands.